Here is the format that will help you in answering the questions. It is a 3 month budget - sales are expected to be $100,000 each month (provided).

• Monthly purchases are expected to be 60% of sales and remember they cost money.
• Wages are a $15,000 per month.
• $20,000 of taxes are to be paid in month one.
• There is a new fixed asset being purchased in month 2 for $15,000.
• An additional asset was sold in month 3 bringing in $8,000 of cash.

a. What were the purchases ($) fror the 1st month?

Group of answer choices

$100

($100)

($60)

($15)

b.

What was the ending cash for the 1st month?

Group of answer choices

$40

$5

($14)

$ 0.00

c.

What was the sales for the 2d month?

Group of answer choices

$200

$100

$60

$0

d.

What were the wages for the 3rd month?

Group of answer choices

($40)

($15)

($5)

There were no wages for that month!

e.

What was the ending cash balance in month 3?

Group of answer choices

$48

$246

$($59)

($105)